Sep 10, 2025 by Ledwidge & Associates
Many people think of their pets as family members, and it can be unsettling to imagine what might happen to them if you are no longer able to care for them. While it is common to make plans for children, spouses, and other relatives in an estate plan, pets are often overlooked. In New York, there are legal tools available to ensure your pets are provided for if you pass ... [Read More]
Sep 3, 2025 by Ledwidge & Associates
The probate process is a legal procedure that occurs after someone passes away, ensuring that their assets are distributed according to their will or state law. For many families in New York, probate can be a confusing and emotional experience. Understanding the steps involved, the responsibilities of executors, and the potential challenges can help make the process smoother and reduce stress during a difficult time. What Probate Means Probate is ... [Read More]
Aug 27, 2025 by Ledwidge & Associates
When couples prepare for marriage, estate planning is often not at the top of their minds. Yet, prenuptial agreements and estate planning are closely connected. A prenup can influence how assets are managed during marriage, divided in divorce, and distributed upon death. For couples in New York, where estate and marital property laws can be complex, understanding the relationship between prenuptial agreements and estate planning is an important step in ... [Read More]
Aug 20, 2025 by Ledwidge & Associates
Planning an estate requires more than deciding who will inherit your assets. For residents of New York, protecting your estate from potential creditors is a crucial step in ensuring that your hard-earned wealth reaches your intended beneficiaries. Creditors, lawsuits, and outstanding debts can significantly reduce the value of your estate if proper safeguards are not in place. Understanding the strategies available to protect your assets helps you plan effectively and ... [Read More]
Aug 13, 2025 by Ledwidge & Associates
Disputes over a loved one’s estate can be emotionally draining and financially costly. In New York, families facing disagreements over wills, trusts, or the distribution of assets do not always have to take their case to court. Mediation offers a way to resolve conflicts more efficiently while preserving relationships and avoiding lengthy legal battles. Understanding the role of mediation in estate disputes can help families choose a process that meets ... [Read More]
Aug 6, 2025 by Ledwidge & Associates
Many people want their legacy to go beyond just providing for family and friends. Including charitable giving in your estate plan allows you to support causes you care about and make a positive impact long after you are gone. For residents of New York, integrating philanthropy into your estate plan can be both fulfilling and financially smart. Incorporating charitable giving requires thoughtful consideration of your goals, your assets, and the ... [Read More]
Jul 30, 2025 by Ledwidge & Associates
When a person passes away without leaving a valid will, they are said to have died intestate. This situation triggers a specific set of laws called intestate succession laws. These laws determine how the deceased’s property and assets are distributed among surviving relatives. In New York, intestate succession follows a clear legal framework designed to provide an orderly transfer of property when no will exists. If you have lost a ... [Read More]
Jul 23, 2025 by Ledwidge & Associates
One of the most important decisions you’ll make in your estate plan is choosing who will handle your affairs after you pass away. This person, known as the executor, plays a central role in making sure your wishes are carried out and your estate is settled properly. In New York, the executor has specific legal duties, and not everyone is well-suited for the role. Choosing the right executor involves more ... [Read More]
Jul 16, 2025 by Ledwidge & Associates
Parents don’t like to think about not being there for their children. But planning for the possibility is one of the most responsible steps you can take. If you have minor children, your estate plan needs to include more than just a will. It should also name a guardian and set up a financial plan that protects your child’s future. In New York, two essential tools to help you do ... [Read More]
Jul 9, 2025 by Ledwidge & Associates
Giving to a cause you care about doesn’t have to wait until the end of your life. But if you want your charitable values to last beyond your lifetime, your estate plan is the place to make it happen. In New York, there are several ways to include philanthropy in your estate plan that are both meaningful and tax-efficient. Whether you want to support a local nonprofit, your alma mater, ... [Read More]